Realstone AST purchases 2024 for 50 million
The RIRS investment group increased total assets by 16% and realized income by 27%.
In the 2024 financial year, the Realstone Investment Foundation acquired four properties with a total market value of CHF 50.66 million in Geneva, Versoix (GE), Ecublens (VD) and Schaffhausen for the RIRS investment group. Including these acquisitions, total assets increased by 16% to CHF 359.17 million. The debt ratio fell to 20.22% thanks to capital increases. This creates "additional acquisition capacity", writes Realstone.
According to the Investment Foundation, the capitalization rate used to value the real estate portfolio remained stable. This resulted in balanced revaluations of the portfolio. "The investment return of 2.61% was thus essentially generated by the net income of the portfolio," it says.
The realized income of the RIRS investment group increased by around 27% to CHF 7.20 million. Total income, on the other hand, quadrupled to CHF 7.21 million. This was due to a balanced valuation result, following a valuation loss of around CHF 4 million in the previous year.
Acquisitions in Geneva, Ecublens, Schaffhausen and Versoix
The investment group's newly acquired properties are Avenue du Tir Fédéral 28 in Ecublens (VD) for CHF 9.72 million, Bergstrasse 2/4/4a and Weinsteig 61/63 in Schaffhausen (CHF 12.50 million), Rue Madame-De-Staël 9 in Geneva (CHF 14.30 million) and the Grand-Montfleury 4 building in Versoix (GE) for CHF 11.05 million. The only sale concerned Bellikonerstrasse 2 in Künten (AG) for CHF 1.69 million. (aw)
